# Synechron Launches “Neo” – Artificial Intelligence Solutions for the Financial Services Industry Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2017-03-29 Category: TECHNOLOGY Category URL: https://financedigest.com/category/technology Meta Title: Synechron Launches Neo AI Solutions for Financial Meta Description: Discover how Synechron's AI Accelerators can revolutionise financial services with solutions for fraud, margin call management, and LCR calculations. URL: https://financedigest.com/synechron-launches-neo-artificial-intelligence-solutions-for-the-financial-services-industryhtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/dsc0347-2449-1-1736844025556-compressed.jpg) _14 accelerator applications use advanced AI techniques to address complex business challenges like fraud, margin call management and LCR calculations_ [Synechron Inc.](http://www.synechron.com/), a global financial services consulting and technology services provider, has today announced the launch of “Neo”, a set of Artificial Intelligence (AI) based solutions for the financial services industry. Neo uniquely brings together Syenchron’s digital, business and technology consulting to allow financial institutions to deploy cutting-edge, AI solutions that solve complex business challenges. Faisal Husain, Synechron CEO, said, “Financial institutions are looking to implement the latest technology to address real-world problems in financial services. Neo and Synechron’s AI Accelerators will be pivotal in helping clients be at the forefront of [technological advancement](https://www.financedigest.com/the-tahini-market-to-prove-its-servility-to-technological-advancements.html "The Tahini Market To Prove Its Servility To Technological Advancements"), while providing a comprehensive set of tools to ease and streamline processes. This will allow businesses to deploy technology-enabled processes that augment the role of individuals, allowing them to be elevated to higher-value business tasks.” “The AI engine, [business and technical analysis](https://www.financedigest.com/meningitis-diagnostic-testing-market-analysis-status-and-business-outlook-2017-to-2025.html "Meningitis Diagnostic Testing Market Analysis, Status and Business Outlook 2017 to 2025") at the core of these accelerators can be applied to additional use cases to progress more quickly with similar initiatives. Along with the use of the AI applications, the Accelerator Program offers access to Synechron’ team of consultants, technologists and digital teams who are experts in [financial services](https://www.financedigest.com/can-financial-services-brands-ever-be-credible-on-social.html "Can financial services brands ever be credible on social? ") business processes, products, regulation, operating models and data architectures which are critical to constructing affective AI applications. The AI Accelerators broken down by the core underlying AI technology include: - **Natural Language Processing (NLP) and Generation (NLG)** - **Automated Data** [Extraction uses NLP to achieve automated data extraction and intent realization allowing firms to pull data from earnings reports](https://www.financedigest.com/fucoidan-extract-market-research-report-2022-global-forecast-till-2028.html "Fucoidan Extract Market Research Report 2022 – Global Forecast till 2028") and other sources and contextualize its intent. - [Automated Financial Advice Generation can be achieved by using NLP to extract CRM data and NLG to reach](https://www.financedigest.com/test-automation-systems-for-powertrain-dynamometer-market-to-reach-worth-of-us-1-20-bn-by-2031-tmr-insights.html "Test Automation Systems for Powertrain Dynamometer Market to reach worth of US$ 1.20 Bn by 2031, TMR Insights") a compliant conclusion through real-time queries and contextual user information. - **Automated [Executive Summaries](https://www.financedigest.com/surgical-hand-access-port-market-executive-summary-introduction-sizing-analysis-and-forecast-to-2028.html "Surgical Hand-Access Port Market Executive Summary, Introduction, Sizing, Analysis And Forecast To 2028")** written in plain language using NLP and NLOG Chatbotsserve as either an internal virtual assistant or a front-line customer representative and have been created with an understanding of [financial services](https://www.financedigest.com/financial-services-firms-turn-to-big-data-intelligence-to-fight-fraudulent-activity-according-to-xerox-study.html "FINANCIAL SERVICES FIRMS TURN TO BIG DATA INTELLIGENCE TO FIGHT FRAUDULENT ACTIVITY ACCORDING TO XEROX STUDY") business operations and systems integration expertise. The accelerators include: **BankBOT** for personal banking **, TraderBOT** for traders **, LoanBOT** for mortgages **,** and **InsureBOT** for insurance. - **Robotic Process Automation (RPA)** - **Client Onboarding** uses OCR + NLP to pull information from [images of documents such as driver’s](https://www.financedigest.com/refurbished-medical-imaging-equipment-market-comprehensive-study-with-key-trends-major-drivers-and-challenges-2018-2026.html "Refurbished Medical Imaging Equipment Market: Comprehensive Study with Key Trends, Major Drivers and Challenges 2018-2026") licenses and passport to auto-populate forms and create a frictionless onboarding experience. - **Automated Resolution of Failsures “Breaks” in Reconcilliation** processescompletely automates GL reconciliation. - **Margin Call Management** analyzes emails using NLP and automatically understands relevant margin call information based on pre-set criteria. - **Automated Pitchbook Generation** allows financial institutions to automatically generate presentation [decks by understanding what content is on the slides](https://www.financedigest.com/what-is-the-optimal-number-of-slides-in-a-pitch-deck.html "What is the Optimal Number of Slides in a Pitch Deck?") and the appropriate disclosures required based on that information. - **Cognitive Machine Learning** - **OTCPrice Automation –** Synechron is using machine learning to derive real-time OTC [pricing for illiquid OTC products where this data is currently de-centralized and difficult for traders to factor into their pricing models](https://www.financedigest.com/polypropylene-fibre-market-witness-a-spike-in-growth-pace-recent-improvements-in-pricing-models-fmi.html "Polypropylene Fibre Market Witness a Spike in Growth Pace Recent Improvements in Pricing Models: FMI") and further using that data to advance collateral management reporting. - **LCR Reporting** – uses historic data and machine learning to [come up with a reliable intra-day liquidity estimate](https://www.financedigest.com/the-liquid-chromatographymass-spectroscopy-market-is-estimated-to-witness-stupendous-growth-in-the-years-to-come.html "The Liquid Chromatographymass Spectroscopy Market is estimated to witness stupendous growth in the years to come") for LCR reporting. - **[Data Science](https://www.financedigest.com/crowdsourcing-of-data-to-drive-the-life-science-market.html "Crowdsourcing of data to drive the Life Science Market")** - **Customer Insights** has 4 Modules for Banks, Credit Cards, e-Commerce and [Mortgages that allow banks](https://www.financedigest.com/irish-central-bank-eases-strict-mortgage-lending-limits.html "Irish central bank eases strict mortgage-lending limits") to bring together their Know Your Customer (KYC), Banking, and Credit Card Data into a database, and join them with the customer’s online behavior (if opts in) via web and social platforms. - [Product Recommendation uses behavioral analysis](https://www.financedigest.com/chondroitin-market-overview-analysis-by-top-players-product-segments-market-size-and-leading-key-players-2022-2029-2.html "Chondroitin Market Overview & Analysis by Top Players, Product Segments, Market Size and Leading Key Players 2022- 2029") to understand customer patterns for new client acquisition. - **AML/Fraud Detection** uses AI and behavioral analysis to identify potentially suspicious activity indicative of [money laundering](https://www.financedigest.com/anti-money-laundering-doesnt-have-to-be-a-painfully-inefficient-process.html "Anti-money laundering doesn’t have to be a painfully inefficient process") and fraud. - **[Artificial Intelligence](https://www.financedigest.com/machine-learning-in-artificial-intelligence.html "Machine learning in artificial intelligence") Accelerator for Robo-Advisors** – allows wealth managers to create a hybrid-robo-advisor that augments their existing services with an automated platform, creating the self-service experience clients are looking for, balanced with the high-touch, high-trust experience advisors are known to deliver with added capabilities like social investing, chat and more. --- This blog is powered by Superblog. 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